FED CHAIR KEVIN WARSH EMPHASIZED THAT INFLATION REMAINS TOO HIGH, WITH MULTIPLE CATEGORIES OF GOODS AND SERVICES RECORDING PRICE INCREASES ABOVE 3% OVER SIX- AND 12-MONTH PERIODS.

THE DOT PLOT POINTED TO ONE MORE HIKE THIS YEAR, WHILE STRONGER LABOR-MARKET CONDITIONS GIVE POLICYMAKERS ROOM TO MAINTAIN THEIR FOCUS ON INFLATION.

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